TOKYO -- The Development Bank of Japan plans to pump slightly over 100 billion yen ($823.9 million) into the development of the Mitsubishi Regional Jet, a small passenger jet being built by a unit of Mitsubishi Heavy Industries.
The money will mostly go toward facilities to build, maintain and repair the MRJ, Japan's first domestically developed and built plane since the turboprop YS11, which first flew in 1962 and is no longer in service in Japan. Some of the funds will be also used for capital investment in parts suppliers.
